Aberdeen Ltd holds stocks of Material X that it uses in production. Over the last month receipts and issues were as follows: Opening Balance 5 May 12 May 22 May 29 May Receipts 200 at $5 300 at $4.50 100 at $6 400 at $5.50 200 at $7 Issues 7 May 400 100 445 23 May 400 $55 30 May 200 x$7 = 1400 5. If a FIFO stock valuation method were used, the value of stocks at the month end would be. $100 c 6. If a LIFO stock valuation method were used, the cost of material X issued to production in the month would be 121109 x 45